Velocity Ventures takes stake in big data and predictive analytics startup
SINGAPORE-based travel and hospitality fund, Velocity Ventures, has invested in ZYTLYN, a Switzerland-based startup that uses big data and machine learning to give companies the ability to optimise critical decision-making through predictive insights for travel demand.
Its proprietary prediction [...]
Bookaway Group launches seatOS to bring ground transport online, acquires Sisorg
Determined to accelerate the digitisation of the ground transportation sector, Bookaway Group has launched ‘seatOS’, a Transport Management System developed inhouse for operators of buses, ferries and rail in its core APAC and LATAM markets, with the ultimate aim of making booking ground transpo [...]
Spotnana’s Sarosh vows not to be distracted by new $75m fund raise
20-year corporate travel veteran stays focused on three priorities – hire the right talent, deliver on product, grow customer base
“IT's only the beginning, there’s so much to do,” said Sarosh Waghmar, CEO and founder of Spotnana, laughing and shaking his head, when I congratulated him on [...]
VIDEO: Atlas wants to help travelers discover the world – affordably
Travel serves as a mechanism to bring the world together. At its most basic, it gets someone from point A to point B, without any bells and whistles.
A simple air ticket – minus upsells or add-ons – is also often the cheapest, but for consumers, an affordable fare can be difficult to find.
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The Wrap: Passengers love mobile, touchless tech, Ascott expands, Air India transforms
Passengers going all in for mobile and touchless tech, SITA Insights show
ITA’s 2022 Passenger IT Insights research highlights pent-up demand for both business and leisure travel emerging from the pandemic, with passengers further embracing mobile and touchless technologies.
The survey revea [...]
No contenders to fight big 3 anytime soon, and net zero by 2050 “a big lie”
Pundits make predictions at Phocuswright Europe
IT’S hard to see any challengers emerge in the post-pandemic landscape to take on the big three travel giants – Booking, Expedia and Trip – which control 75% of the global OTA market, predicted pundits at Phocuswright Europe in Amsterdam this [...]
With $100m fund, 777 Partners eyes tech startups to “democratise” aviation
Top 1% control 75% of global aviation traffic – “we want to change that”, says Adam Weiss
AVIATION investment firm, 777 Partners, recently acquired two travel technology companies – AeroCRS and WorldTicket. The two companies join a growing portfolio of airlines and travel tech firms, includ [...]
Metaverse could become equaliser for small, independent brands, says Accenture’s Tansey
With rising consumer interest in virtual experiences, Accenture highlights opportunities for travel and hospitality
ACCENTURE recently released its latest research on the impact of the growing use of immersive technologies such as augmented and virtual reality in the travel and hospitality sector. [...]
Sequoia launches $850m SEA fund, Trip picks CHOOOSE
SEQUOIA Capital, marking its 50th anniversary, has raised $2.85 billion to fund Indian and South-east Asian startups. The fundraising is its largest so far for India and Southeast Asia.
A total of $850 million will go towards Sequoia's first fund dedicated to South-east Asia, Sequoia SEA Fund I.
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Yanolja Cloud names David Peller as EVP, launches into f&b with Gusto X
YANOLJA Cloud, the Software-as-a-Service company owned by South Korea’s Yanolja, continues its expansion with the appointment of a global senior leader and a joint venture in the f&b sector.
It has appointed David Peller, formerly managing director, travel and hospitality, Amazon Web Servic [...]
